Analysts Estimates And Ratings Brocade Communications Systems, Inc. (BRCD)

Marco Green
October 12, 2017

(BRCD) stock price traded with surging change along with the volume 4.06 million shares in Monday trading session.

Brocade Communications Systems, Inc.

The Stock has Weekly volatility of 0.78% and monthly volatility of 1.07%. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. (NASDAQ:BRCD). Gabelli & Invest Advisers invested in 882,448 shares or 1.2% of the stock.

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08/26/2016 - Brocade Communications Systems, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Robert W. Baird has "Neutral" rating and $13 target. The company was initiated on Tuesday, October 4 by DA Davidson. On Thursday, April 7 the stock rating was upgraded by Argus Research to "Buy". Ticker has price to earnings growth of 2.53, which is a valuation metric for determining relative trade-off among price of a stock. p For trailing twelve months, WM attains gross profit margin of 45.50% and operating margin stands at 17% that is showing consistency of trends in firm's earnings. The stock has seen its SMA50 which is now -4.94%. Aravt Glob Lc accumulated 1.43 million shares or 12.15% of the stock. (NASDAQ:BRCD) on Friday, August 26 with "Hold" rating.

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Among 20 analysts covering Brocade Communications Systems Inc. Therefore 15% are positive.

Northern Trust Corp grew its holdings in shares of Brocade Communications Systems, Inc. The firm earned "Overweight" rating on Monday, June 6 by JP Morgan. The firm has "Neutral" rating by Raymond James given on Wednesday, November 2. With 6.68 million avg volume, 6 days are for Brocade Communications Systems N (NASDAQ:BRCD)'s short sellers to cover BRCD's short positions. Bank of America has "Buy" rating and $10 target. Afam Capital Inc. now owns 565,255 shares of the technology company's stock worth $5,217,000 after buying an additional 105,362 shares during the period. It turned negative, as 2 investors sold GRX shares while 12 reduced holdings. 324.45 million shares or 1.36% more from 320.11 million shares in 2017Q1 were reported. Quantitative Systematic Strategies LLC bought a new stake in Brocade Communications Systems during the 2nd quarter worth approximately $177,000. (NASDAQ:BRCD). Nj State Employees Deferred Compensation Plan accumulated 21,572 shares. As per Tuesday, November 1, the company rating was upgraded by RBC Capital Markets. The stock has "Neutral" rating by Citigroup on Friday, August 19.

Investors sentiment decreased to 1.1 in Q2 2017. During the past 20 days, BRCD has increased 0.41% while the broad market has increased 1.83%. Similarly, investors look up the share price over 12 month periods. 0 funds opened positions while 1 raised stakes. Oregon Public Employees Retirement Fund holds 0.03% or 147,172 shares in its portfolio.

Institutions own 41.52% of Pandora Media, Inc. Brocade Communications Systems's payout ratio is 314.29%. (NASDAQ:BRCD) on Wednesday, June 14. Ontario Teachers Pension Plan Board reported 245,400 shares stake. Brocade Communications Systems, Inc. (BAM) traded 0.65 million shares at hands. CHENG KEN also sold $864,319 worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 253,320 shares. Its up 30.21% from 30.64M shares previously. Panagora Asset owns 266,057 shares. This represents a $0.22 dividend on an annualized basis and a yield of 1.78%. Alpha Windward Ltd Liability Company invested 0% of its portfolio in Brocade Communications Systems, Inc.

While taking a look at financials, we can look at a number of key indicators about Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 5 shares. According to these analysts, the Low Revenue Estimate for Brocade Communications Systems, 571 Million and the High Revenue Estimate is 685.13 Million. (BRCD) will report its next earnings on Aug 24 AMC. The company reported the earnings of $0.16/Share in the last quarter where the estimated EPS by analysts was $0.17/share. BRCD's profit will be $53.81 million for 23.69 P/E if the $0.13 EPS becomes a reality.

The market experts are predicting a 5.43% rally, based on the high target price ($13) for Brocade Communications Systems, Inc. shares that is likely to be hit in the 52 weeks.

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